NewStats: 3,259,345 , 8,169,860 topics. Date: Saturday, 24 May 2025 at 06:27 PM 615v2c

Independent oil marketers on Wednesday adjusted the pump price of petrol in the Federal Capital Territory (FCT) to reflect the price at which they bought the product from Dangote Refinery and Petrochemical Company.

Checks revealed that many filling stations have adjusted their pump price of petrol to an average of N1,200 per liter.

The adjustment followed the full deregulation of the downstream sector of the petroleum industry, which allowed the Nigerian National Petroleum Company Ltd to end its exclusive purchase agreement with Dangote Refinery.

This effectively opened up the market for other marketers to buy petrol directly from the refinery.

The implication of this is that the NNPC will no longer be the sole off-taker, and marketers can now negotiate prices directly with Dangote Refinery.

This development aligns with the current practices for fully deregulated products, where refineries can sell directly to marketers.

https://dailytrust.com/dangote-refinery-independent-marketers-adjust-pms-price-to-n1200/#google_vignette

Gradually this is hitting 1500, I knew soon Dangote will be forced to declare the price he sells or among the independent market will reveal the secret and we'll shift the blame game to Dangote forgetting the price crude was sold to him too

Good.

So from the beginning, Dangote was not selling directly to the marketers?

TossTos:
Gradually this is hitting 1500, I knew soon Dangote will be forced to declare the price he sells or among the independent market will reveal the secret and we'll shift the blame game to Dangote forgetting the price crude was sold to him too

I know that government could have made the price cheaper through pegging an exchange rate for sale to local refineries or selling crude cheaper locally. But they wouldn’t do it because they want to stop smuggling of refined petrol to neighbouring countries. There is no way petrol will be smuggled at 1200/litre to neighbouring countries. It is just not profitable. But government must do something quickly before they cause class suicide due to hunger and poverty. They must not also underrate the propensity to cause social unrest and revolution. They must do something quickly to reduce the pain on the people.

Last last we go buy 2k

dre11:


https://dailytrust.com/dangote-refinery-independent-marketers-adjust-pms-price-to-n1200/#google_vignette

shege Promax

And so it begins. The great Tinubulation.

T Pain on the beat again.

TPAIN is working overtime.



No matter the level of evil or corruption being perpetuated by Nigerian politicians\leaders, there will always be a Nigerian ing them ,unfortunately, this same Nigerian will be dragging front seat, sandwiched between the driver, another Nigerian in front seat of mini-buses that don't even have space and be loaded like olden days sardine.


You can’t know, a lot of fraudulent things are going on lowkey.

If you are looking to start a Gadgets and Accessories business and you need s of legit suppliers of Uk used phones, laptops and accessories… reach out.

Lol. Still affordable. Independent marketers should adjust their prices to N1,500

Nigerians can still afford to pay 5k for a litre of fuel which Tinubu is being considerate and comionate on the suffering masses

Remi Tinubu said NO FOOD FOR LAZY YORUBA MAN

Yoruba people must stand on this mandate till 2031

If you no get high paying job and u dey stay Abuja.... You're on your own oh..... Abuja people have been suffering fuel scarcity from 2021, you must queue ni Sha before you buy fuel

What's the utility of the Dangote refinery to the ordinary Nigerian?

the great Tinubulation is here to stay

A Nigerian lawyer and human rights activist, Femi Falana (SAN), has knocked the decisions of Nigeria National Petroleum Company to fix prices of imported fuel and locally refined fuel, which are illegal, null, and void.

In a statement on Thursday, Falana said the move contravenes the provisions of section 205 of the Petroleum Industry Act.

“The decisions of the NNPCL to fix the prices of imported fuel and locally refined fuel are illegal, nullity and void as they contravene the provisions of section 205 of the Petroleum Industry Act which stipulates that the prices of petroleum products shall be determined by market forces,” he said

Eniitankorede:




I know that government could have made the price cheaper through pegging an exchange rate for sale to local refineries or selling crude cheaper locally. But they wouldn’t do it because they want to stop smuggling of refined petrol to neighbouring countries. There is no way petrol will be smuggled at 1200/litre to neighbouring countries. It is just not profitable. But government must do something quickly before they cause class suicide due to hunger and poverty. They must not also underrate the propensity to cause social unrest and revolution. They must do something quickly to reduce the pain on the people.

So what you are implying is that because the government has failed woefully in securing our borders, it is justified for Nigerians to now buy fuel at an exorbitant price so as to discourage people from smuggling it to our neighbouring countries.
 
Honestly, I don't know the planet you emerged from with this wacked reasoning.

The masses have no one to cry for them again..even tears don dry for NLC/TUC eyes!

Anything Dangote Touch Turn To Gold

I Obasanjo kept hammering during his time that it was better to fully deregulate petrol. He even claimed then that a bottle of water was more expensive than petrol.

We finally reach this point where anyone can sell petrol at the price that he wants, something Cameroon, Benin republic, Niger and Ghana have been doing for a long while now.

SUBSIDY IS BACK 😆😆😆😆

Difficult times.

ANY COMMODITY DANGOTE TOUCH IN NIGERIA BECOMES UNNECESSARILY EXOTIC

You think you are doing me

Eniitankorede:




I know that government could have made the price cheaper through pegging an exchange rate for sale to local refineries or selling crude cheaper locally. But they wouldn’t do it because they want to stop smuggling of refined petrol to neighbouring countries. There is no way petrol will be smuggled at 1200/litre to neighbouring countries. It is just not profitable. But government must do something quickly before they cause class suicide due to hunger and poverty. They must not also underrate the propensity to cause social unrest and revolution. They must do something quickly to reduce the pain on the people.

You just said rubbish. Your country has about the worst currency around its neighbours, so why won't smuggling be even more lucrative now?

Hmmn.

Oti lo

Evil people every where. Don't trust our leaders and the likes of Independence marketers , PENGASSAN and so on

Noted.

We are edging close to a dollar for a liter of pms. Please how much is a litte of gasoline in the US. Covert $0.85 to naira at a rate of 1600. Gasoline is 1,360 naira in the US and over 1,400 in some places in Nigeria.

We're been scammed

Salewa97:
Good.

So from the beginning, Dangote was not selling directly to the marketers?

E shock u abi 🙄

dre11:


https://dailytrust.com/dangote-refinery-independent-marketers-adjust-pms-price-to-n1200/#google_vignette

Dangote refinery, the more you read, the less you understand.

With this current price will it still be profitable for smugglers who smuggle Nigerian oil to neighbouring countries?